If a Profit-Maximizing Firm Hires an Additional Unit of Labor

question 65

Multiple Choice

If a profit-maximizing firm hires an additional unit of labor, what must be true about labor's wage and marginal revenue product?

• A)Its wage always equals its marginal revenue product.
• B)Its wage is always greater than its marginal revenue product.
• C)Its wage is always total revenue minus marginal revenue product.
• D)Its wage is always greater than or equal to its marginal revenue product.
• E)Its wage is always less than or equal to its marginal revenue product.

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The scientific theory of biological evolution that explains how species evolve over time through natural selection.

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